The Ethics for Internal Auditors in Communicating Inappropriate Financi

Ethical dilemmas occur every day in the accounting industry. We have witnessed scandals such as Adelphia, Enron, and WorldCom. They demonstrate the extent of unethical practices. The introduction of Sarbanes Oxley Act and stricter accounting standards have definitely helped mitigate unethical acts. Unfortunately, the incorporation of these systems is not sufficient to accomplish ethical business practices. Businesses use immanent auditors to help protect their financial reputation. An internal auditors role is to assure the organizations operations are conducted systematically, proper(ip)ly controlled, and with discipline (The institute of Internal Auditors search Foundation 3). The Internal Auditor position was created, as a result of a rapidly growing American economy, in the middle twenty century. The developing American economy, also known as the golden years, included inappropriate business practice. These practices included, but not limited to, stock manipulations and me ndacious business statements. Maintaining an ethical position will avoid the breakdown of organizational progress and the opportunity to correct inappropriate accounting procedures. As the need for proper accounting increased, the demand for internal auditors took place. An internal auditor will review and assure the quality of cash disbursements, cash receipts, corporate governance, ethics, financial reporting controls, bushel assets, project management, sales, and stock controls within an organization (J.L. Vergaert). It is important for the auditors to abide by and ensure the comp any(prenominal) follows the accounting policies and standards via proper communication and suggestion for correction of any inadequate process found while performing their functions.In addition t... ...hip Styles and the Moral Choice of Internal auditors. Volume 15, No 1, 2010Jean-Louis Vergaert, Sarbanes-Oxley and Internal Audit. 2002 Jubb, P. B. International diary of Auditing. Auditors as Whistleblowers Volume 4 153-167 DOI 10.1111/1099-1123.00310. Date 2000. PrintReporting and Relationships Case Study Internal A. Anti Essays. 30 May. 2012 Rittenberg, Larry Wayne Moore, Mark Covaleski. The Outsourcing Phenomenon. establish of Internal Auditors, Inc. High Beam, 1999.Statement on Auditing Standards (SAS 112)The Institute of Internal Auditors Research Foundation. Internal Audit Reporting Relationships Serving Two Masters. ISBN 978-0-89413-669-6 Publisher The IIA Research Foundation. Publish Date 2003. Print